Shell to pay first tax in UK since 2017
Following significant global gains last year, Shell has announced that it will pay taxes in the UK for the first time since 2017. In the last three months of the…
NUPRC shortlists 139 firms for gas flare trading
The Nigerian Upstream Petroleum Regulatory Commission has selected 139 companies from a total of 300 applicants to participate in the Nigerian Gas Flare Commercialisation Programme 2022. The upstream petroleum regulator…
PennyTree redesigns app to improve retail banking
Nigerian Fintech company, PennyTree, has redesigned its mobile app to provide retail banking services for individuals and merchants looking to scale and grow their business operations. The Co-founder of…
CBN halts ‘over-the-counter’ withdrawal of new notes
The Central Bank of Nigeria has directed deposit money banks not to pay customers who make over-the-counter withdrawals of fresh naira notes. To guarantee that the money circulates across…
New naira same as old notes, stains white surfaces – NSPM
Nigerian Security Printing and Minting Plc has drawn attention to some of the new naira notes' features in an effort to educate Nigerians who have voiced concerns about the…
Zenith Bank suspends international transactions on naira cards
Zenith Bank Plc. has suspended international transactions on naira cards. The bank, in a notice to its customers on Thursday, said the latter will no longer be able to…
Low demand for Nigeria’s LPG to affect forex earnings – Expert
A senior analyst at Financial Derivatives Company, Oluwatomi Mayowa, has projected a decline in demand for Nigeria's natural gas, which will subsequently reduce the amount of foreign exchange earned through…
NMDPRA seals fuel stations in Kano over price hike
Several Kano gasoline stations were closed on Thursday by the Nigeria Mainstream and Downstream Petroleum Regulatory Authority. According to Guardian, the fuel stations were closed down by the former…
Why FG should keep fuel subsidy- Sowore
The presidential candidate of the African Action Congress, Omoyele Sowore, has stated that the fuel subsidy should not be removed. According to him, the removal of the fuel subsidy…
EEDC to begin mapping for mass metering in Anambra
The Enugu Electricity Distribution Company has said it would begin the 2023 mobile mapping process for mass metering in Anambra state on January 10. The Head, Corporate Communications of…
Amazon to fire 18,000 workers
E-commerce giant Amazon, has revealed its plans to cut 18,000 jobs, as the company battles to reduce cost. According to the British Broadcasting Corporation, the online retailer, which employs 1.5…
Buhari regime to leave N77trn debt – DMO
The Debt Management Office has declared that the outgoing administration of the President, Major General Muhammadu Buhari (Ret'd.), will be leaving behind a debt of ₦77 trillion. The Director…
